EasyKnock and Knock file dueling lawsuits against each other
On Monday, Knock and EasyKnock filed lawsuits against each other alleging trademark infringement and unfair competition, among other allegations
by Andrea V. Brambila Oct 14
30-year mortgage rate hits yet another record low
Mortgage rates hit a new low last week as applications continued a downward trend, with total applications dropping 0.7%, according to the Mortgage Bankers Association
by Patrick Kearns Oct 14
As the pandemic drags on, mortgage delinquency rates rise
The 120-day delinquency rate for July was 1.4 percent — the highest rate in more than 21 years and double the Great Recession peak
Rocket Mortgage launches tech platform for agents
Rocket Pro Insight, which is available as a website and mobile app, provides agents with a look at where each loan is in the process, terms of the loan and timing of the loan's closing
by Patrick Kearns Oct 13
Beyond the headlines: Are mortgage rates hurting affordability?
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner discusses the potential consequences of low mortgage rates and persistently low levels of inventory
by Matthew Gardner Oct 13
Snapdocs closes on $60M to further defragment real estate closings
From notary marketplace to raising more than $85 million in under a year, the software company is putting its stamp on digital escrow
by Craig C. Rowe Oct 12
Mortgage trade group head steps down in wake of backlash to sexist videos
Anthony Casa is accused of sending sexist videos directed at the wife of a Rocket Mortgage executive and a number of mortgage industry leaders
by Patrick Kearns Oct 8
New jobs report suggests home affordability could weaken
A dip in prime age participation typically goes hand-in-hand with slower wage growth, according to Odeta Kushi, the deputy first economist at First American
by Patrick Kearns Oct 2
Realtor.com, Rocket Mortgage announce new partnership
The advertising relationship will direct interested homebuyers to Rocket Mortgage's pre-approval application
by Patrick Kearns Sep 30
Share of mortgages in forbearance drops to lowest level since April
Mortgages in forbearance decreased from 6.93% of servicers' portfolio volume to 6.87% during the week ending Sept. 20, according to the Mortgage Bankers Association
by Lillian Dickerson Sep 29
Closing Center 2.2 offers an enhanced, ramped-up preclosing experience
A recognized name in digital closing long before the pandemic, eOriginal's newest version ramps the critical preclose process with secure buyer-document review and execution
by Craig C. Rowe Sep 29
Better.com in talks to raise funding at a $4B valuation: Report
Fintech startup reportedly expects to bring in more than $800M in revenue this year as mortgage demand soars
by Andrea V. Brambila Sep 24
Need help with an eviction? There's an app for that
Civvl promises independent contractors they'll earn up to $2,000 per week for helping with evictions and foreclosure cleanouts. But is it legal?
by Marian McPherson Sep 23
United Wholesale Mortgage to go public in largest SPAC deal ever
United Wholesale Mortgage is slated to go public during the fourth quarter of 2020, through a special purpose acquisition company deal with Gores Holdings IV
by Marian McPherson Sep 23
Hundreds of thousands have used Fidelity National Financial's new closing tech
StartSafe, which debuted in February, is meant to make real estate transactions faster and safer. FNF announced Tuesday that it has sent the product to 800,000 consumers
by Jim Dalrymple II Sep 22
LoanDepot mulling IPO: Report
The lending giant could be worth $12B to $15B, according to new report in Bloomberg
by Patrick Kearns Sep 21
States Title debuts tech product to speed up closings
Instant Closing Disclosure uses technology to automate parts of the closing process, potentially allowing them to happen faster and with greater efficiency
by Jim Dalrymple II Sep 17
Mortgage applications decline
The volume of mortgage applications declined 2.5% for the week ending Sept. 11, 2020, according to the Mortgage Bankers Association's weekly survey, released Wednesday
by Lillian Dickerson Sep 16
Beyond the headlines: Revisiting mortgage forbearance
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes another look at mortgage forbearance, explaining the latest data and insights in light of some recent headlines
by Matthew Gardner Sep 15
Mortgages in forbearance drop again, but that trend could reverse
As Congress continues to be at a standstill in passing a second stimulus bill to support Americans who have become unemployed as a result of the pandemic, it's likely forbearance rates could increase in upcoming weeks
by Lillian Dickerson Sep 14
Down payment assistance programs remain strong during pandemic
According to Down Payment Resource's latest report, 81% of down payment assistance programs in Q3 still had funding for homebuyers
by Marian McPherson Sep 11
Mortgage rates sink to historic low
The average 30-year mortgage hit an all-time low of 2.86%, according to Freddie Mac
by Patrick Kearns Sep 10
Orchard raises $69M, sets ambitious goals to be real estate's Amazon
The company plans to use the money to expand its product offerings, grow its existing teams and launch in new markets
by Patrick Kearns Sep 10
Knock brings its 'Home Swap' platform to Houston
The reimagined platform is now available through more than 8,000 real estate agents
by Patrick Kearns Sep 10
As mortgage rates drop, loan applications rise 2.9%
The market composite index, which measures mortgage loan application volume, increased by 2.9% on a seasonally adjusted basis. On an unadjusted basis, the index rose by 2.0%
by Lillian Dickerson Sep 9
Fall is the new spring in real estate
Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market's busy season forward through at least the end of the year
by Andrea V. Brambila Sep 8
FHA homeowners have the most to lose during economic upheaval
Three chief economists share how FHA homeowners have been disproportionately impacted by 2020's coronavirus-induced unemployment boom and what it means for next year's market
by Marian McPherson Sep 4
55% of those who bought homes during the pandemic now regret it
A new survey commissioned by LendEDU found that low rates lured in new buyers, but now many are struggling to pay their mortgage
by Andrea V. Brambila Sep 2
Ramped-up mortgage purchases signal high homebuying demand
Mortgage purchase applications were up 28% year over year, according to data released Wednesday by the Mortgage Bankers Association
by Patrick Kearns Sep 2
RE/MAX acquires fintech startup to support mortgage brokerage biz
The acquisition of wemlo, a startup that provides third-party mortgage loan processing services, is an investment in the company's rapidly growing Motto Mortgage franchise business
by Patrick Kearns Sep 1
Share of mortgage loans in forbearance stays flat after 10-week decline
After 10 consecutive weeks of mortgage loans in forbearance showing declines, the total number of loans in forbearance appears to have flattened out at 7.2%
by Lillian Dickerson Sep 1
Fannie and Freddie refinance fee delayed until December 1
The fee will no longer apply to refinance loans with balances below $125,000 or to the government-sponsored enterprises' affordable refinance products
by Andrea V. Brambila Aug 27
Mortgage applications down 6.5% but home purchase market 'a bright spot'
Purchase applications are up 33% compared to a year ago — the 14th straight week of annual gains — according to a new survey from the Mortgage Bankers Association
by Andrea V. Brambila Aug 26
Shares of mortgages in forbearance decline for 10th straight week
Despite the positive trend, the Mortgage Bankers Association estimates 3.6 million homeowners are in forbearance plans
by Patrick Kearns Aug 25
Making sense of the headlines: A look at household debt
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes a deep dive into the latest data on household debt and credit and what it might mean for post-COVID economic recovery
by Matthew Gardner Aug 25
It became more difficult to buy a house in these cities in June
First American's 'real house price index' surged in certain cities as the median income plummeted while home prices rose
by Patrick Kearns Aug 24
VA loan activity swells during coronavirus pandemic
New data from the Department of Veterans Affairs provides further evidence that the pandemic has not slowed down demand for real estate or real estate financing
by Jim Dalrymple II Aug 20
Mortgage refinances reach their highest rate in 7 years
During the second quarter of 2020, 1.69M refinance mortgages were secured by residential properties in the U.S., a number up nearly 50% from the first quarter, and up more than 100% year over year to its highest level in 7 years
by Lillian Dickerson Aug 19
Feds propose new mortgage category
The Consumer Financial Protection Bureau believes 'season QM' mortgages will spur innovation. But not everyone is convinced they're a good idea
by Jim Dalrymple II Aug 19
Coldwell Banker, California developer reckon with racist past
The author of 'The Color of Law' proposes that the real estate businesses who created a whites-only neighborhood in San Mateo, California, set up a fund to integrate it
by Andrea V. Brambila Aug 19
New Fannie and Freddie fee could push homeowners off the fence
The government-sponsored enterprises are imposing a 0.5% fee on refinances, a move that, while garnering criticism, could convince homeowners to buy while rates are still low
by Patrick Kearns Aug 13
Kamala Harris' record on real estate is mixed
The Democratic vice presidential candidate believes 'housing is a human right' and has proposed legislation for mortgage and rent relief amid the pandemic
by Andrea V. Brambila Aug 12
Share of mortgages in forbearance continues decline, falling to 7.4%
This week marks the eighth week in a row in which total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans
by Lillian Dickerson Aug 11
In downgrade, Rocket Companies prices stock at $18 per share for IPO
The total number of shares and pricing is a downgrade from the company's initial announcement offering 150M shares at a price ranging between $20 and $22 per share
by Patrick Kearns Aug 6
In a positive sign, number of equity-rich properties continues to rise
During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions
by Lillian Dickerson Aug 5
Mortgage applications drop 5.1%
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package
by Lillian Dickerson Aug 5
Aiming for 21 markets by '21, Knock now swapping homes in Denver
After rebranding its Home trade-in model, Knock is now helping sellers swap homes in Denver. Its goal is to reach 11 markets before the end of 2020
by Craig C. Rowe Aug 5
Mortgages in forbearance continue to drop
The total share of loans in forbearance dropped to 7.67% of servicers' portfolio volume, according to data released Monday by the Mortgage Bankers Association
by Lillian Dickerson Aug 4
Fannie Mae earnings reveal a steadying housing market
Only 5.7% of the single-family loans guaranteed by the GSE were in forbearance at the end of the second quarter, down from 7% at the end of the previous quarter
by Patrick Kearns Jul 30
Mortgage applications decrease, fueled by rise in FHA rates
Mortgage applications decreased 0.8% week over week, even as rates stayed near historic lows, according to data released Wednesday by the Mortgage Bankers Association
by Patrick Kearns Jul 29
Mortgages in forbearance drop for sixth week in a row
The number of mortgage loans in forbearance declined by 6 basis points, from 7.80% the previous week to 7.74%, marking the sixth consecutive week loans in forbearance dropped
by Lillian Dickerson Jul 28
Endpoint offers the industry a great start to mobile e-closings
Opinion
The result of a chinwag between First American and Boston Consulting Group's Digital Ventures, the app keeps every party in check with the closing process in a hybrid tech-team solution. It offers terrific promise for the future of e-closings
by Craig C. Rowe Jul 24
Mortgage rates creep back to 3%
The 30-year, fixed-rate mortgage average increased for the first time since May to 3.01%, for the week ending July 23
by Patrick Kearns Jul 23
Mortgage applications surge as buyers scramble for rates below 3%
Purchase activity was up 19% year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data released Wednesday
by Patrick Kearns Jul 22
Share of mortgages in forbearance continues to drop
The amount of mortgages in forbearance declined for the fifth straight week, from 8.18% to 7.8% the week ending July 12, 2020
by Lillian Dickerson Jul 20
Could mortgage rates under 3% be bad for the housing market?
First American Chief Economist Mark Fleming emphasized the downside of plummeting mortgage rates: 'Why move when you can lock in at less than 3% in a time like this?' 
by Patrick Kearns Jul 20
Freddie Mac celebrates 50th anniversary with multifamily milestones
As the mortgage giant turns 50, the company celebrated its anniversary with a new state-by-state breakdown of the mortgages it has provided
by Patrick Kearns Jul 20
Florida title search company enters remote closing field with ProperSign
PropLogix of Sarasota reacted to COVID-19-era requirements by developing its own solution to socially distant deal-making
by Craig C. Rowe Jul 16
30-year mortgage rates dip below 3% for first time in 50 years
The average 30-year fixed-rate mortgage was reported at 2.98%, down from 3.03%. It's the first time the rate fell below 3% since Freddie Mac began tracking weekly rates in 1971
by Patrick Kearns Jul 16
Knock pivots to mortgage financing, bridge loans, concierge service
The home trade-in company, once lumped in with iBuyers, is charting a new course and partnering with agents to do it
by Patrick Kearns Jul 16
Orchard launches a home loans division
Consumers who choose to buy and sell with the real estate technology company can now get financing as well, all on one platform
by Patrick Kearns Jul 15
Mortgages in forbearance decline for fourth consecutive week
The total number of mortgages in forbearance declined for the fourth consecutive week, from 8.39% of servicers' portfolio volume to 8.18% during the week ending July 5, 2020
by Lillian Dickerson Jul 14
Jumbo lending rules loosened for some Wells Fargo customers
Any existing customers at the bank can now apply for non-conforming refinancing. However, those lacking a prior relationship with Wells Fargo will face a harder time
by Jim Dalrymple II Jul 13
@properties and Guaranteed Rate launch new mortgage company
The new mortgage lender, called Proper Rate, will begin originating mortgages to homebuyers and owners in 15 states
by Lillian Dickerson Jul 13
Supreme Court will hear case on Federal Housing Finance Agency
The United States Supreme Court, which begins its next session in October, will determine if the structure of the Federal Housing Finance Agency is constitutional
by Patrick Kearns Jul 10
Mortgages in forbearance drop for third consecutive week
During the week ending June 28, the total number of mortgage loans in forbearance dropped to 8.39 percent of servicers' portfolio volume from 8.47% the week prior
by Lillian Dickerson Jul 8
Mortgage applications rise 2.2%
Refinance rates increased by 0.4% week over week and by a whopping 111% year over year, according to data from the Mortgage Bankers Association released Wednesday
by Lillian Dickerson Jul 8
Quicken Loans files for IPO as Rocket Companies
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
by Jim Dalrymple II Jul 7
Mortgage rates hit all-time low heading into July 4th weekend
The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday
by Patrick Kearns Jul 2
Making sense of the headlines: A look at housing affordability
Opinion
Windermere Chief Economist Matthew Gardner explains why the issue stems from inadequate supply — in combination with rising, demographically driven demand — pushing prices to record highs and rising faster than incomes
by Matthew Gardner Jun 30
What agents need to know about mortgages during (and after) COVID-19
As experts and advisers, real estate agents have always played an important role for homebuyers. But it’s clear that during the coronavirus era, they have even more responsibility to educate clients on what's happening in today's market
by Salomon Chong Jun 30
5 credit myths to explain to first-time homebuyers
Before first-time homebuyers pull the trigger on buying a new home, they should understand some common misconceptions in the credit reporting industry as they go through the prequalification and preapproval process. Here's how agents can help
by Vance Kellogg Jun 30
Share of mortgages in forbearance dips for second straight week
A new report from the Mortgage Bankers Association shows that about 4.2 million homeowners were in forbearance programs as of June 21
by Jim Dalrymple II Jun 29
JP Morgan Chase: 100-year-old WWII vet can stay in his home
James Been, a 100-year-old army veteran and Brooklyn native, had foreclosure charges against him by JP Morgan Chase dropped on Friday
by Lillian Dickerson Jun 29
SCOTUS rules CFPB structure is unconstitutional
The agency, which helps protect consumers from bad lending practices — including in the mortgage space — was born out of the 2008 financial crisis
by Patrick Kearns Jun 29
Caliber Home Loans settlement gives $17M in loan forgiveness to New Yorkers
The settlement applies to borrowers who were enrolled in interest-only loan modifications by Caliber, as well as customers who are dealing with the economic fallout of COVID-19
by Lillian Dickerson Jun 24
CFPB to adopt price-based approach for qualified mortgage standards
The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access
by Marian McPherson Jun 23
Millennials are confused about real estate
Although millennials will likely make up the largest percentage of homebuyers this year, the generation appears to be woefully under-informed about the real estate industry, according to a recent survey by flat-fee brokerage Homie
by Lillian Dickerson Jun 23
Summer outlook: A slowing recovery may wait in the wings
While housing has thus far seen a strong recovery, experts say prices may actually fall later this year. Factors such as unemployment and foreclosures could also weigh down the market
by Jim Dalrymple II Jun 23
Total mortgages in forbearance decreases for first time since March
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA
by Lillian Dickerson Jun 22
Mortgage loans in forbearance tick up to 8.55 percent
The share of mortgage loans in forbearance modestly rose to 8.55 percent of servicers' portfolio volume during the week ending on June 7, up from 8.53 percent the previous week
by Lillian Dickerson Jun 15
Fed moves likely to keep mortgage rates near historic lows for years
The US Federal Reserve also intends to continue purchasing mortgage-backed securities, Federal Reserve Chairman Jerome Powell said Wednesday
by Patrick Kearns Jun 10
Congress highlights alleged HUD discrimination against DACA recipients
45 Congressional Democrats have asked HUD Inspector General Oliver Davis to investigate allegations that HUD denied DACA recipients' FHA home loans
by Marian McPherson Jun 9
4.3M homeowners are in mortgage forbearance: MBA
Despite a 0.07 week-over-week increase in forbearance requests, the Mortgage Bankers Association said homeowners' financial situations are turning around
by Marian McPherson Jun 9
March delinquency rates remain at record lows despite coronavirus
3.6% of mortgages were in some stage of delinquency, the same as in February
COVID-19-related forbearance volumes decline for first time since pandemic hit
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
by Lillian Dickerson Jun 5
Demand for mortgages continued in last week of May: MBA
'High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,' Joel Kan of the Mortgage Bankers Association said
Making sense of the headlines: How long will interest rates stay low?
Opinion
It's been a couple of months since the start of the COVID-19 outbreak, so this week, Windermere Chief Economist Matthew Gardner revisits the topic of mortgage rates and shares his forecast for the rest of the year and 2021
by Matthew Gardner Jun 2
Homeowners are unprepared for flooding in many cities: Report
In cities with floodplains but no recent catastrophic events, few homeowners actually have flood insurance
by Jim Dalrymple II May 27
Number of mortgages in forbearance keeps rising
4.2 million Americans are now using forbearance programs. However, the rate at which loans are going into forbearance is slowing, suggesting conditions are stabilizing
by Jim Dalrymple II May 26
Mortgage purchases signal housing recovery may be here
Odeta Kushi, the deputy chief economist at First American, said the increase in mortgage applications is part of a long-term trend, not simply pent-up demand
by Patrick Kearns May 20
4.1M Americans are now enrolled in mortgage forbearance plans
As of May 10, 8.16% of all mortgages were in forbearance, up from 7.91% on May 3 — the smallest increase since March, according to the Mortgage Bankers Association
by Lillian Dickerson May 19
Builder confidence rises slightly amid historic lows: NAHB
The National Association of Home Builders' Housing Market Index rose from 30 to 37
7 things your first-time buyer should know about getting a loan right now
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
by Marian McPherson May 14
Daily Dispatch: The future of loan origination is entirely digital

Roostify’s CEO tells Brad Inman what’s happening in the world of lending and regulation, and what customers can come to expect with lending options.

by Inman May 14
Mortgage loans in forbearance surged to 7.91% in last week of April
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
by Lillian Dickerson May 12
$1,200 stimulus check made little difference for renters, owners
According to Apartment List's latest study, the nonpayment rate for stimulus check recipients was only 3 percent lower than for those who didn't receive the payment
by Marian McPherson May 7
26% of all mortgaged homes were equity-rich in first quarter
Roughly one-quarter, or 26.5%, of the 54.7 million mortgaged homes in the U.S. were equity-rich in Q1 2020, according to Attom Data Solutions' Q1 2020 U.S. Home Equity & Underwater Report
by Lillian Dickerson May 7
Average APRs see significant declines during COVID-19 pandemic
The coronavirus pandemic has resulted in lenders offering significantly lower average annual percentage rates to homebuyers and refinance borrowers
by Lillian Dickerson May 6
Mortgage purchases jump 6%
The 30-year, fixed-rate mortgage hit 3.4% last week, a record low for the Mortgage Bankers of America survey
by Patrick Kearns May 6
Qualia teams up with real estate software maker LemonBrew
Qualia's technology will help LemonBrew offer more digital services — something that has never been in more demand
by Jim Dalrymple II May 6
What's next? C.A.R.'s VP addresses agent concerns
Agents are hungry to know what's going to happen to their businesses and the industry as a whole. Leslie Appleton-Young, the vice president of the California Association of Realtors, shares a real-world, data-driven snapshot into today's realities
by Bernice Ross May 6
Mortgage activity uptick could signal buyers are returning
Thirty-year, fixed-rate mortgages fell to 3.43%, from 3.45% last week, marking a historic new low, according to the Mortgage Bankers Association
by Patrick Kearns Apr 29
By the numbers: How hard has COVID-19 hit real estate?
It has already had a massive impact on our personal and professional lives. Now find out how COVID-19 is poised to continue transforming the real estate industry
Making sense of the headlines: Could we see another housing meltdown?
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
by Matthew Gardner Apr 28
Fannie Mae forecasts mortgage rates under 3% for 2021
The average rate on a 30-year, fixed-rate mortgage could hit 2.9% in 2021, according to Fannie Mae's April housing forecast
by Patrick Kearns Apr 22
How curbside closings are keeping the market moving
An Atlanta real estate law firm has been conducting mobile closings for 14 years. A global pandemic has given their model, as well as emerging closing technologies fresh, much-needed attention
by Craig C. Rowe Apr 21
The deal is digital: A guide to handling it online from lead to close
The fax machine is finally put to rest. With the onset of e-closing platforms and RON, the real estate sales cycle is 100% online, mobile and in the cloud. Here's a quick list of vendors for each phase of the deal
by Craig C. Rowe Apr 17
32% of first-time buyers get financial help from a relative or friend: NAR
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey released Thursday by the National Association of Realtors
by Andrea V. Brambila Apr 17
Could coronavirus mortgage payment relief spell trouble for the industry?
Opinion
A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry
by Shane Spink Apr 17
Compass agents anticipate post-pandemic buyer's market in California
More than 700 Compass California agents shared their concerns, market predictions for when shelter-in-place laws lift
by Marian McPherson Apr 15
Banks can now delay appraisals for up to 120 days after closing
In addition to allowing lenders to delay appraisals, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility
by Craig C. Rowe Apr 15
Mortgage rates drop to 30-year low
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey
by Lillian Dickerson Apr 15
‘Strong recovery’ on horizon, V curve possible, says real estate exec
Patrick Stone, of WFG National Title Insurance Company, said Tuesday that home sales will likely be down in 2020, but overall, he's optimistic about an economic recovery from the current pandemic
by Jim Dalrymple II Apr 14
Making sense of the headlines: What will happen with interest rates?
Opinion
No one can truly answer this question until we know how mortgage lenders and homeowners who have chosen forbearance will fare
by Matthew Gardner Apr 13
JPMorgan Chase tightens mortgage lending standards amid uncertainty
The lender will require a 700 credit score and 20% down for mortgages
by Patrick Kearns Apr 13
6 things homeowners need to know about mortgage forbearance plans
The Mortgage Bankers Association's Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time
by Marian McPherson Apr 10
Mortgage credit availability decreased 16.1% in March
The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults
by Marian McPherson Apr 9
Mortgage rates remain flat but could go lower this year
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes
by Patrick Kearns Apr 9
About half of US small businesses have not paid full April rent
About 30% of survey respondents said they did not make a rent or mortgage payment in April, and 20% said they made a partial payment, according to a poll by Alignable
by Lillian Dickerson Apr 7
Making sense of the headlines: Is the jumbo mortgage market collapsing?
Opinion
The jumbo market has not imploded, but economic uncertainty has led to fewer players in that space today
by Matthew Gardner Apr 6
Wells Fargo suspends jumbo mortgages as demand fades
In this uncertain market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans during the Covid-19 crisis
by Lillian Dickerson Apr 6
The Real Word: How fear and uncertainty is changing the mortgage industry
And this week, mortgage lender Brian Faye joins in the conversation
by Byron Lazine Apr 3
Market snapshot: California
A ban on construction in the Bay Area, rent strikes in San Diego and new buildings left vacant in San Pedro all as real estate is deemed 'essential' across the state of California
by Lillian Dickerson Apr 2
Mortgage applications surge along with refis
Mortgage application activity increased by 15.3%, and the refinance index increased 26% during the week ending March 27
by Lillian Dickerson Apr 1
FHA and VA latest mortgage servicers to relax standards
The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications
by Lillian Dickerson Mar 31
Making sense of the headlines: How will the housing market fare?
Opinion
Looking for a little clarity on this week's economic and housing news? Windermere Chief Economist Matthew Gardner gives his take on this week’s headlines
by Matthew Gardner Mar 30
Digital mortgage lender Better.com to hire laid off hospitality workers
The company is aiming to hire 1,000 additional workers this year and wants to pull from the industry hit hardest by coronavirus-fuled layoffs
by Patrick Kearns Mar 30
Housing protections in the stimulus bill explained
The 880-page bill signed into law by Trump on Friday includes credit protections, foreclosure moratoriums and forbearance on some mortgages
by Patrick Kearns Mar 28
Fannie Mae, Freddie Mac ease appraisal standards amid coronavirus
The federal loan servicers announced an adjustment of long-held appraisal and employment verification standards in order to help facilitate mortgages amidst the COVID-19 outbreak
by Lillian Dickerson Mar 25
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II Mar 25
These are the cities with the best and worst mortgage outlooks
A new WalletHub report looked at median mortgage balances compared to median income and median home values in different American cities
Homeowners may delay mortgage payments up to 1 year due to virus
The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic
by Lillian Dickerson Mar 23
Refis up 104% year-over-year
Residential refinance mortgages more than doubled in Q4 2019, bringing them to their highest point in nearly 7 years, according to new data from Attom Data Solutions
by Lillian Dickerson Mar 19
Share of first-time buyers reaches highest peak since 1993
The number of first-time homebuyers exceeded 2 million for the third consecutive year in 2019, according to Genworth Mortgage Insurance
by Marian McPherson Mar 18
Trump may allow homeowners to delay mortgage payments
The administration didn't make clear how borrowers might catch up on payments later on
by Lillian Dickerson Mar 18
New housing construction drop again in February
Residential housing starts fell by 1.5%, according to the US Census Bureau
Fed cuts interest rate to nearly zero. What does it mean for real estate?
Realtor.com Chief Economist Danielle Hale believes mortgage rates could go lower this week, but rates and affordability won't be the only thing impacting the housing market
by Patrick Kearns Mar 16
30-year mortgage rates tick up after hitting historic low
Despite the slight rise in rates, homebuyer demand remains strong, according to Redfin Chief Economist Darryl Fairweather
by Patrick Kearns Mar 12